Introduction
The qualifications and duties of concordat trustee are regulated
in the amendments to Enforcement and Bankruptcy Law numbered 2004
("EBL"), together with Law Regarding Amendment to the
Enforcement and Bankruptcy Law and Certain Other Laws numbered 7101
("Law Numbered 7101").
In order to efficiently implement the regulations governing the
concordat, it is vital to understand the regulations regarding the
qualifications and duties of the concordat trustee, as the
concordat trustee is one of the most effective agencies in
attaining success at the end of the concordat term. The trustee
undertakes important duties, such as taking measures to protect the
assets of the debtor, informing the court regarding the progress of
the process, and directing the court in rendering the decisions of
extension or removal of the delay during the entire term, from the
start of the concordat term, until the concordat project is
submitted to the court.
